What is economic development?
Answers
★ Economic Development:
→ It is the development of economic wealth of countries, regions or communities for the well being of their inhabitants.
→ It also refers to the growth in income for different facilities..
#ThanKyUh!
@JoY.....❤️
Explanation:
Economic development a term for the development of our nation, a term for the development and growth of our own lifestyle, a term form the betterment of societal and national infrastructure and bringing up a good change in social and political ways.
When all these conditions are seemed to be in progress then that is called as economic development.
In simple words, when there is a good change which gives the JANTA (PUBLIC) a better livelihood a better lifestyle with the flow of time and when their is work being done for the progess and growth of infrastructure, employment, and in social and political ways then it refers to economic development.
Economic development presents our nation's culture, politics, financial position, and all rest of the factor. This gives our country the strength to root up and stand among the strongest nations.
We all know India is among the fastest developing countries. And now the political conditions of our nations are becoming even better each day. Other strong and development nations are moving a step ahead to have better relationship with India.
India is still a developing country but it is showing strong fast and positive growth and development. If this growth continues to be the same, It's not too far when India will also be counted among the developed nation's.